If Bitcoin can't handle a single sentence, then Bitcoin itself is the biggest joke🤔

U.S. Federal Reserve Chairman Jerome Powell responded to reporters' questions about Bitcoin reserves during a press conference on 12/18. He cited the Federal Reserve Act, stating that the Fed is not permitted to hold Bitcoin and currently has no plans to amend this law, as any changes would require a decision from the U.S. Congress, which is beyond the Fed's jurisdiction.

Reporter questions the possibility of Bitcoin reserves, Powell: 'Not in accordance with the Federal Reserve Act'

When opening the floor to questions from reporters, Powell was asked whether the Fed might establish Bitcoin reserves in light of the trend of some countries around the world gradually shifting their cryptocurrency policies. However, Powell stated that the Fed's responsibility is to act according to existing laws, and according to the Federal Reserve Act, the Fed is not allowed to hold Bitcoin or other crypto assets. He emphasized that this issue should be decided after deliberation by the U.S. Congress.